Introduction
The Goods and Services Tax (GST) in India has a multi-slabs structure for services, with four primary GST rates: 5%, 12%, 18%, and 28%. In this article, we will explore the GST tax rates for various services.
GST Tax Rates for Services
5% GST Rate
- Transportation services (rail, road, air)
- Hotel accommodation (up to â‚ą1,000)
- Restaurants (non-AC)
- Education services (school, college)
- Healthcare services
12% GST Rate
- Hotel accommodation (â‚ą1,000-â‚ą5,000)
- Restaurants (AC)
- Event management services
- Travel agency services
- Financial services (banking, insurance)
18% GST Rate
- IT services (software development)
- Telecommunication services
- Financial services (brokerage, mutual funds)
- Real estate services (construction)
- Advertising services
28% GST Rate
- Cinema services
- Entertainment services (theme parks, water parks)
- Luxury hotel accommodation (above â‚ą5,000)
- Luxury restaurant services
- Gambling services
Exempt Services
- Healthcare services (hospitals, clinics)
- Educational services (school, college)
- Services provided by government
- Services provided by charitable institutions
- Services provided by RBI, RBI-regulated entities
Nil GST Rate
- Services provided by RBI
- Services provided by government
- Services provided by United Nations
GST Rates for Specific Industries
- Telecommunication: 18%
- Banking: 18%
- Insurance: 18%
- Real Estate: 12% (construction), 18% (services)
- E-commerce: 18% (commission-based services)
FAQs
- What is the GST rate for restaurant services?
12% (AC), 5% (non-AC) - Is healthcare services exempt from GST?
Yes - What is the GST rate for IT services?
18%
References
- GST Act, 2017
- GST Rules, 2017
- CBIC (Central Board of Indirect Taxes and Customs) notifications
Additional Resources
- GST portal (gst.gov.in)
- GST Council website (gstcouncil.gov.in)
- CBIC website (cbic.gov.in)
Infographics
[Image description: A diagram illustrating GST tax rates for services]
Table: GST Tax Rates for Services
| Service | GST Rate |
|---|---|
| Transportation | 5% |
| Hotel accommodation (up to â‚ą1,000) | 5% |
| Restaurants (non-AC) | 5% |
| Education services | 0% |
| Healthcare services | 0% |
| IT services | 18% |
| Telecommunication | 18% |
| Financial services | 18% |
| Real estate services | 12%/18% |
| Advertising services | 18% |
